KUALA LUMPUR: TH Heavy Engineering Bhd has been granted an extension of time until Aug 22, 2022 by Bursa Malaysia Securities Bhd (Bursa Securities) to submit its regularisation plan to the relevant authorities for approval.

       In a filing with Bursa Malaysia today, the Practice Note 17 (PN17) company said it had appealed to Bursa Securities on Dec 9, 2021 regarding the latters’ decision to de-list the company’s securities and to reconsider its decision to grant the company a further extension of time.

       "After due consideration of all facts and circumstances of the appeal submitted by the company on Dec 9, 2021, Bursa Securities has decided to allow the appeal and grant the company an extension of time until Aug 22, 2022 to submit the regularisation plan to the relevant authorities for approval,” it said.

       The ailing oil and gas player has received several extensions to submit its regularisation plan since slipping into PN17 status in April 2017.

       It became an affected issuer after its auditors expressed a disclaimer of opinion on its audited financial statements for the financial year ended Dec 31, 2016. - Bernama